MAA: Dec car sales up by 32.1% from Nov; 2016 TIV at 580,124 (-13%), first time below 600k mark since 2009

The Malaysian Automotive Association (MAA) has revealed production and sales figures for the month of December 2016, with the latter experiencing a significant jump compared to November 2016.

Total sales amounted to 64,822 units, of which 57,593 units were passenger vehicles while the remaining 7,229 units were commercial vehicles. This represented an increase of 32.1% or 15,737 units from the month of November 2016. Even so, December 2016 compared to December 2015 saw a sales decline of 7% or 4,549 units, with 61,102 passenger vehicles and 8,269 commercial vehicles sold.

The association attributed this spike to the various year-end and festive promotions offered by car brands in the country, where buyers were likely enticed by the attractive discounts available to them.

As for year-to-date (YTD) sales and overall total industry volume (TIV), 2016 was dismal compared to 2015, with the market experiencing a decline of 13% or 86,553 units to 580,124 units from 666,677 units.

According to the association, the decline in TIV comes after six consecutive years of growth, and represents the first time the TIV falls below the 600,000 mark since 2009. In January, the association projected TIV for 2016 to be around 650,000 units, but later revised its figure to 580,000 units in July.

In 2016, Perodua secured its highest-ever market share among carmakers, with 207,100 units sold in the year. Mercedes-Benz and BMW also had record years, with the Three Pointed Star selling 9% more cars this year from 2015 with 11,779 units, while BMW recorded its highest ever growth of 16%, selling 10,906 units of BMW, Mini and BMW Motorrad vehicles in the country.

For January 2017, the association expects sales volume for the month to be lower than December 2016 because of a shorter working month due to the Chinese New Year holidays, and buyers concluding their purchases in December 2016 itself to take advantage of the offers by car companies.

In terms of production, December 2016 saw an increase of 6% or 2,545 units compared to the same month last year. Passenger vehicle production for the final month of 2016 stood at 45,293 units, while 2,542 commercial vehicles were produced. However, YTD production saw an 11% reduction or 69,411 units compared to 2015, likely the result of lacklustre sales figures.

Originating from the corporate world with a background in finance and economics, Gerard’s strong love for cars led him to take the plunge into the automotive media industry. It was only then did he realise that there are more things to a car than just horsepower count.

Bolehland Association/Institute only do reporting but not capable of analysis for improvement. Half pass Jan’2017 not even can smell 2017 TIV (Thailand have done), and improvement on TIV by eg. Reduction of Excise Duty -20%, Import tax -10%, etc… pls contribute to society, make car purchase affordable for all based on lowest salary set at rm1100. Only left 11.5 mths to 2018, again, where the promise of 30% car price reduction by 2018 …?????? If Honda City now selling at 73k, we are expecting 2018 selling at 51k (-30%).

Perodua and Honda already announced their 2016 sales.
Perodua December sales increased to 25,000 units from November sales of 15,000….+10,000.
Honda December sales increased to 11,000 from 8,000 November sales……+3,000.
So December increased sales of 15,000 after less 13,000 from Perodua and Honda, balance is only 2,000 from the other makes.
So you know where the company which launched 4 new models will end up. With Mercedes, BMW increased sales and big offers from Toyota, Nissan etc, don’t be surprised the “4 models launched” company register a decrease. Till November only sold 65,000 will likely end up less than 83,000. A record low after the wira.

The maa shows a snapshot of the general situation in Malaysia, with our 1percent continues buying expensive rides, while the rest of the 99 percent continues with kapchai and old, substandard quality car purchases. Guess what, this time next year our annual TIV figures will be the same, at best, but realistically,515k annual tiv figure should be it, as the middle and working class are living hand to mouth, and do not have adequate disposable income for discretionary purchases such as new cars. Absolutely deplorable……bottomline wahai rakyat…. If the buying stops… So does the killing…. Tepuk dada Tanya Selera…

Due to current economic situation …company not hiring,low and reduce of wages,retrenchment,high fuel price car sales expected to be lower from current volume.However sales of small cc or cheap local car may be maintain due to 1st car Bayer.2ND car is much chipper now.The worst is yet to come.

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